Board Meeting Details

The Board of Directors meeting was held on 7th November, 2026, commencing at 4:30 pm and concluded at an unspecified time.

Key Decisions Approved

1. Considered and approved the unaudited financial results for the half year ended 30th September, 2026

2. Adopted Statement of utilization or statement of deviation or variation for utilization of IPO proceeds for half year ended 30th September, 2026

Financial Results Summary (Standalone, Unaudited)

Half Year Ended 30th September, 2026 (H1 FY27):

  • Revenue from operations: ₹1,699.64 lakh
  • Other income: ₹45.55 lakh
  • Total income: ₹1,745.20 lakh
  • Cost of material consumed: ₹1,181.11 lakh
  • Employee benefits expenses: ₹109.53 lakh
  • Finance costs: ₹8.61 lakh
  • Depreciation expense: ₹37.57 lakh
  • Other expenses: ₹175.63 lakh
  • Total expenses: ₹1,510.86 lakh
  • Profit before tax: ₹234.34 lakh
  • Tax expense: ₹76.02 lakh (Current tax: ₹67.18 lakh, Deferred tax: ₹8.84 lakh)
  • Net profit for the period: ₹158.32 lakh
  • Earnings per share (₹10 each): ₹1.50 (Basic and Diluted)

Comparative Financial Performance:

  • Net profit decreased 51.9% from ₹329.29 lakh in H1 FY26
  • Revenue increased 19.6% from ₹1,421.40 lakh in H1 FY26
  • Cost of material consumed increased 61.2% from ₹732.56 lakh in H1 FY26

Balance Sheet Position (as at 30th September, 2026):

  • Share capital: ₹1,054.90 lakh (unchanged)
  • Reserves and surplus: ₹3,230.21 lakh (increased from ₹3,071.89 lakh)
  • Total shareholders' funds: ₹4,285.11 lakh
  • Long-term borrowings: ₹212.71 lakh (increased from ₹65.59 lakh)
  • Property, plant and equipment: ₹1,101.90 lakh (increased from ₹395.29 lakh)
  • Non-current investments: ₹1,320.11 lakh (increased from ₹947.25 lakh)
  • Cash and bank balance: ₹838.78 lakh (decreased from ₹1,433.05 lakh)
  • Total assets: ₹4,954.90 lakh

Cash Flow Statement (H1 FY27):

  • Net cash from operating activities: ₹508.46 lakh
  • Net cash used in investing activities: ₹(1,176.20) lakh
  • Net cash from financing activities: ₹73.47 lakh
  • Net decrease in cash: ₹(594.27) lakh

IPO Fund Utilization Certificate (as at 30th September, 2026)

The statutory auditors certified the following utilization of ₹2,165.76 lakh raised through IPO:

| Object | Amount Disclosed (₹ lakh) | Amount Utilized (₹ lakh) | Unutilized (₹ lakh) | Remarks |

| Funding of capital expenditure for new manufacturing facility | 1,463.48 | 680.73 | 782.75 | Unutilized amount temporarily in separate bank account |

| Funding of working capital requirements | 400.00 | 400.00 | - | NA |

| General corporate purpose | 21.13 | 9.17 | 11.96 | Unutilized amount temporarily in separate bank account |

| Issue related expenses | 281.15 | 281.15 | - | NA |

| Total | 2,165.76 | 1,371.05 | 794.71 | |

Statement of Deviation/Variation

The company confirmed there is no deviation/variation in the use of funds raised through IPO. The audit committee and auditors had no comments on the utilization.

Additional Notes

  • The company operates in a single reportable segment: Manufacturing of masterbatches
  • Financial results are not prepared as per IND AS as the company is listed on BSE SME exchange
  • No exceptional or extraordinary items during the reporting period
  • No investor complaints received during H1 FY27
  • The company has no subsidiaries, associates or joint ventures as of 30th September, 2026
  • Previous periods' figures have been regrouped/rearranged where necessary